4201 Council St

Los Angeles, CA 90004

$5,600,000
Price
18
Beds
18
Baths
8,677 Sq. Ft.
$645 / Sq. Ft.
8,677
Sq. Ft.
$645
per Sq. Ft.

Description

Huge 800k Price Reduction! 100% Fully Renovated 18-unit apartment building with permits cash flowing at an amazing 7.25% Cap Rate and 10.3 GRM from day 1! All units have already been leased at full market rents of over $2,500 per month on average providing an incredible cash flow. The offering provides investors with a unique opportunity to purchase a premium asset that was completely vacated and renovated. 201 N Normandie Avenue was built in 1923 and boasts 16 stylish apartment homes renovated in...Huge 800k Price Reduction! 100% Fully Renovated 18-unit apartment building with permits cash flowing at an amazing 7.25% Cap Rate and 10.3 GRM from day 1! All units have already been leased at full market rents of over $2,500 per month on average providing an incredible cash flow. The offering provides investors with a unique opportunity to purchase a premium asset that was completely vacated and renovated. 201 N Normandie Avenue was built in 1923 and boasts 16 stylish apartment homes renovated in 2023 as well as 2 brand-new detached ADUs built in 2024. Ownership has conducted a complete property restoration with permits. It features an attractive unit composition of eighteen (18) spacious and well-designed One-Bedroom | One-Bathroom units. In all, 201 North Normandie Avenue features ~8,677 square feet of improvements on a collective ~7,700 square feet of land, zoned LAR3. The property is separately metered for gas and electrical utilities to further reduce operating costs. The property has seen a complete restoration, down to every inch. Overall systems were overhauled with a new roof, plumbing, and electrical systems were updated within the last couple of years with a new panel and wiring. Also, there are updated HVAC systems and new windows in each unit. When approaching the property, tenants are invited with a unique and inviting color scheme featuring a fresh paint job and stylish landscaping. The units have undergone gut-level updating with new wood flooring, updated lighting fixtures, and brand-new kitchen and bathrooms. In the kitchen, there are new cabinets, modern countertops, and new water heaters. The bathrooms boast new vanities and modern fixtures along with sleek shower stalls. The location is in the heavily sought-after Koreatown and Wilshire Center sub-markets. 201 N Normandie Avenue is poised to capitalize on the tremendous momentum in the immediate area and neighboring Hollywood and Downtown. The subject property's transit-oriented and highly walkable location offers residents access to a myriad of entertainment venues, cultural destinations, and dining options nearby. Given the property's location and strong income metrics, 201 N Normandie Avenue is an ideal investment for investors seeking immediate returns along with long-term wealth preservation and appreciation.

Property Details for 4201 Council Street

Zoning
LAR3
Parcel Number
5518004008
Total Units
18.0
Living Area
8677
Source Living Area
Owner
Area
Mid-Wilshire (C17)
Vacancy Rate
1Unit
Lot Size Area
7702
LISTING UPDATED: 12/02/2025 02:01 PM

Property Details for 4201 Council Street

StatusActive
MLS #25624535
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.18 AC / 7,702 SF
CountyLos Angeles County

Location

Listing Courtesy of Global Platinum Properties, Inc., Julio Ruiz, DRE #01911261; Global Platinum Properties, Inc., Armin Soleimani, DRE #01846872
Add your commute

Building Information for 4201 Council Street

Stories2Residences-Year Built1923Building Size-Lot Size0.18 AC / 7,702 SF

Payment Calculator

$27,672 per month

30 year fixed, 6.28% Interest

Principal and Interest

$27,672

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4201 Council Street

Community / Development
Community / Development
  • Number Of Units: 18
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Courtyard
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $524,489
  • Net Operating Income: $406,250.00
  • Gross Income: $540,710
  • Cap Rate: 7.25%
  • Gross Rent Multiplier: $10.30
  • Total Annual Expense: 118239
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1768
  • Lot Size Square Feet: 7702
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall
  • Heating Type: Wall
  • Equipment: None
  • Room Kitchen Features: Remodeled Kitchen
  • Kitchen Features: Remodeled
  • Room Bathroom Features: Low Flow Toilet(s)
  • Bathroom Features: Low Flow Toilet(s)
  • Cooking Appliances: Gas
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Flat
  • Sprinklers: None
  • Patio Features: None
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Raised
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-02-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $1,922.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,424.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,552.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 2
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,571.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,528.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 3
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,506.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,694.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,350.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,557.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 11 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,673.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 12 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,506.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $227,970.00
  • Assessed Improvement Percent: 9.22
  • Assessed Land Value: $2,244,000.00
  • Assessed Land Percent: 90.78
  • Assessed Total Value: $2,471,970.00

Property History for 4201 Council Street

DateEvent & SourcePriceAppreciation
Dec 2, 2025

Listed (Active)

CRMLS #25624535

$5,600,000—
Dec 2, 2025

Listed (Active)

CLAW #25624535

$5,600,000—
Dec 1, 2025

Withdrawn / Cancelled

CLAW #25602819

—
Dec 1, 2025

Withdrawn / Cancelled

CRMLS #25602819

$5,600,000—
Nov 5, 2025

Price Change

CLAW #25602819

$5,600,000—
Oct 7, 2025

Listed (Active)

CRMLS #25602819

$5,750,000—
Oct 7, 2025

Listed (Active)

CLAW #25602819

$5,750,000—
Oct 6, 2025

Withdrawn / Cancelled

CLAW #25572079

—
Oct 6, 2025

Withdrawn / Cancelled

CRMLS #25572079

$5,750,000—
Sep 2, 2025

Price Change

CLAW #25572079

$5,750,000—
Jul 30, 2025

Listed (Active)

CLAW #25572079

$5,995,000—
Jul 30, 2025

Listed (Active)

CRMLS #25572079

$5,995,000—
Jul 28, 2025

Withdrawn / Cancelled

CLAW #25532433

—
Jul 28, 2025

Withdrawn / Cancelled

CRMLS #25532433

$5,995,000—
Jun 4, 2025

Price Change

CLAW #25532433

$5,995,000—
Apr 30, 2025

Price Change

CRMLS #25532433

$6,400,000—
Apr 30, 2025

Price Change

CLAW #25532433

$6,400,000—
Apr 30, 2025

Listed (Active)

CLAW #25532433

$5,975,000—
Apr 30, 2025

Listed (Active)

CRMLS #25532433

$5,975,000—
DateEvent & SourcePrice
12/02/2025

Listed (Active)

CRMLS #25624535

$5,600,000
12/02/2025

Listed (Active)

CLAW #25624535

$5,600,000
12/01/2025

Withdrawn / Cancelled

CLAW #25602819

—
12/01/2025

Withdrawn / Cancelled

CRMLS #25602819

$5,600,000
11/05/2025

Price Change

CLAW #25602819

$5,600,000
10/07/2025

Listed (Active)

CRMLS #25602819

$5,750,000
10/07/2025

Listed (Active)

CLAW #25602819

$5,750,000
10/06/2025

Withdrawn / Cancelled

CLAW #25572079

—
10/06/2025

Withdrawn / Cancelled

CRMLS #25572079

$5,750,000
09/02/2025

Price Change

CLAW #25572079

$5,750,000
07/30/2025

Listed (Active)

CLAW #25572079

$5,995,000
07/30/2025

Listed (Active)

CRMLS #25572079

$5,995,000
07/28/2025

Withdrawn / Cancelled

CLAW #25532433

—
07/28/2025

Withdrawn / Cancelled

CRMLS #25532433

$5,995,000
06/04/2025

Price Change

CLAW #25532433

$5,995,000
04/30/2025

Price Change

CRMLS #25532433

$6,400,000
04/30/2025

Price Change

CLAW #25532433

$6,400,000
04/30/2025

Listed (Active)

CLAW #25532433

$5,975,000
04/30/2025

Listed (Active)

CRMLS #25532433

$5,975,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4201 Council Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Alexandria Avenue Elementary School
Public - K to 5
Virgil Middle School
Public - 6 to 8
Contreras Learning Center-School Of Social Justice
Public - 9 to 12
Academic Leadership Community School
Public - 9 to 12
Rating
School
Distance
Alexandria Avenue Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Contreras Learning Center-School Of Social Justice
Public9 to 12

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4201 Council Street, Los Angeles, CA 90004

4201 Council Street is a multi-family home for sale in Los Angeles, CA 90004. This property was listed for sale on December 2, 2025 by Global Platinum Properties, Inc., it's currently listed at $5,600,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Alexandria Avenue Elementary School, Virgil Middle School and Contreras Learning Center-School Of Social Justice. 4201 Council Street is a 18-bed, 18-bath, 8,677 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Global Platinum Properties, Inc., Julio Ruiz, DRE #01911261; Global Platinum Properties, Inc., Armin Soleimani, DRE #01846872

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.